Daily News Online

Friday, 29 July 2011


Finco to invest Rs 2.2 billion

Plans 3 more hotels:

Uga Resorts (Pvt) Ltd, a fully-owned subsidiary of the Finco Group of companies will invest a further Rs 2. 2 billion to construct three additional hotels. Finco Vice President Priyanjith Weerasooria said in addition they have already invested Rs 800 million for their first boutique property investment, Ulagalla Resort, in Thirappane, Anuradhapura.

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Pan Asia ups first half net profit

Pan Asia Bank announ- ced completion of a very successful first half in 2011, with net profit after tax increasing to Rs 406 Mn which is 169 percent better than the corresponding period for 2010. The Bank’s net interest income for the period rose by 43 percent to Rs 1,024 mn from Rs 716 mn in 2010 which came mainly from the core banking income.

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SAARC moots single SIM

An eleven pronged strategy was advocated for the region which also included a common Subscriber Identity Module (SIM) at the SAARC Chamber of Commerce and Industry (SCCI) conference yesterday.

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Finco Group Vice President Priyanjith Weerasooria showcasing one of their prime properties, the Ulagalla Resort. Picture by Saliya Rupasinghe

HP Brand Ambassador Angelow Mathews receiving the loyalty card from HP Country Manager Lackshmindra Fernando. Picture by Sumanachandra Ariyawansa

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